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20120501
20120531
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th, if that's a change in policy with this government, united states government specifically, i think you'll see capital flows increase to the united states. there will be a capital flow here naturally, that will speed itself up and expedite about in fact there's a change this government. >> i think you have to look at good companies especially those paying hivedividends. >> okay. guy, thank you. getting some support about that guy alex trebek. like when a player gets something wrong, have you ever looked at -- i would be afraid to say something wrong. some of the looks you get from him. he scolds people. but he knows the answers. they give him the answers. in a doesn't allow being to look down on people that don't know the answers and to practice the pronunciation. >>> coming up, from spocks to ca stocks to commodities. why the market isn't accurately accounting for oil market demand. that and more. but first yesterday's winners and losers. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550
markets could get very unsettled and that would be another source of contagion back to the united states. >> how leveraged are u.s. banks now to the situation in europe? have they done a good job of limiting that leverage? >> i think the u.s. banks the thing i would say is, one, a lot more capital than they had a fuse year ago, a lot more liquidity, a lot cleaner balance sheets, very little exposure to peripheral europe. of course, the situation -- you can imagine scenarios in europe that got bad enough and broad enough that will would be consequences back to the u.s. banking system. all we can do is make sure the u.s. banking system is in a situation where it has capital and liquidity resources to handle shocks. >> there has been a lot of talk about whether or not the big banks should be broken up. where do you come down on that debate? >> i think it's obvious we want to eliminate any doubt about this too big to fail issue. we can do that in sort of two ways. one, force large systematically important financial institutions to hold more capital, have larger liquidity buffers to reduce th
with the united states? the united states has not fixed its problems. the euro is at a three month low. united states looks like a stronger place but how long can in a continue. >> i think it will continue a long time. united states is on a different path. we address the problems of our banks three years ago and put lots of capital in them and they retained lots of capital and cleaned out significant percentage of their bad loans. so we have a whole different banking system in the united states. plus we have our own currency. and being able to issue all of your debt in your own currency is just an entirely different game than having to issue it in some other currency. >> the ecb has figured out a way to extend it balance sheet with the ltro. do you expect more fiscal easing -- or more monetary easing policy to come from them? >> well, a trillion euros isn't bad. they had a funding scare five or six months ago and the banks are in weak capital positions in many cases, loaded with sovereign bonds that mark to market don't make them look very good. so they had a big funding problem. and the ecb s
important to the united states. important trading partner, investment partners. allies. and one of the basic elements of the g-8 meeting will be the opportunity for the presidential leader to lead a conversation among the leaders of the g-8 on the kind of issues it that europe is facing, comprehensive discussion which is aimed at looking at ways in which they cannot only strengthen fiscal consolidation, but also strengthen opportunities for jobs and growth. so i think there will be a good conversation giving the president and other leaders an opportunity to thoroughly discuss the issue. >> but how much leverage, with all due respect, how much leverage does the united states really have here considering that the united states has already opted out of help to go bailout europe, it's basically saying we're not going to interveneg think it's a matter of leverage. the president and secretary geithner have had very constructive conversations with the leaders of europe on the issue. europe is taking the lead. we think europe has the political will and the resources to address this issue. so it's no
, united states about to do an historic ipo. what could be more different. >> facebook would never happen in france the prospects of the proper different leading powers could not be more different. my favorite editorial of the day, the future is more than facebo facebook. social media is passe. focused on transportation, energy and manufacturing. so we'll see. >> still a great nation. >> facebook going to help california. my daughter actually put a little in her blog about that. not going to save california, but it's going to offset some of the damage the moon beam governor is causing out there. but when you see all these guys selling all those, these are people that got in and wait a minute, did you say $119 billion? and they're saying, yeah, okay, i'm good. here. here. here. some day it may -- but they're more than willing to say okay i think i'm good. >> so facebook is yesterday's news? >> if you were one of these early guys i'll tell you what, you play the russian guy. which will be so natural for you. you play that russian guy and you got in at a ten the of where it is. if they offer
you very much, andrew. the donald is back in the united states after a whirl wind trip to europe where he announced another real estate deal. we're going to talk about that in just a moment. this past saturday at the white house correspondent dinner, the president had a little fun with mr. trump. take a listen. >> my fellow americans, we gather during an historic anniversary. last year at this time, in fact on this very weekend, we finally delivered justice to one of the world's most notorious individuals. >> joining us right now on the squawk newsline is the man himself, donald trump, who is the chairman of the trump organization. donald, we hear you appreciated the humor. >> well, i thought it was good humor. i thought it was delivered well. i was greatly honored. my daughter was there, ivanka. she called and said "daddy, daddy, the president just mentioned you." how good could it be? it was very good, very cute. >> it's good to be brought up in these speeches. it means you're in the news. >> it was fine and it was done in good taste. >> i wasn't at the dinner but joe and andrew said
to overreaching regulation. when you look at the hidden tax on the united states economy by overreaching regulation, particularly now, bad news. secondly, we got to get our national financial integrity in order because what's coming if we don't is inescapable higher interest rates and higher taxes, which will slow down our chances to grow the economy and the third thing of difficult dead taxes. why in the world would federal policy dictate people po move into higher, riskier investments. think about financial policy. dividend yield is particularly gook where there's muted economic growth and perhaps a view where the future is riskier. they require more income as a result. that's particularly where we are right now, right? if you look at credit quality by stocks that doesn't pay dividends versus people that do, credit quality is higher for dividends that do. why would tax policy favor higher risk investments in an environment look this? look at the demographic of america, people going to retire. we should keep alonged dividend and tax rates. one of the propose als is to ta dividends to 43
to be the worst act the united states has done in quite a while. and here's why. when you repeal glass siegel, the investment banks served a great purpose by acting as a fiduciary and protecting their clients from being involved in anything like the, you know, the toxic waste pushed out. once you took them away from that fiduciary responsibility and allowed them to be a pusher of poor product with -- and this is the key, and joe, this is for you. if you have fdic insurance backstopping these banks and basically subsidizing cheap capital for them, that was the importance of glass siegel, if you want to repeal it, then banks should not have the access -- >> the banks pay for the fdic -- the -- >> minimal. >> what do you mean? who pays for the fdic? >> let me tell you what. >> he's suggesting the taxpayers. >> someone would come in if it's insufficient. you go after the banks and that in this environment you'd go after the banks for the next ten years to pay that back if the taxpayer had to pay for the fdic. >> no, no, it's actually easy. because what banks would then have to do to keep their lo
here in the united states. that brings up questions of demand. that's why you continue to see this. if you take a look at the ten-year this morning we do have economic news that's going to be coming up at 7:00 this morning. wholesale trade comes out at 10:00 a.m. the yield on the ten-year is at 1.823%. wow, that yield just keeps coming under more and more pressure. we do have some fedspeak that's going to be coming up. three or fur fed speaker that are going to be coming up on the day from transparency to women's leadership. ride now, the dollar, if you take a look, you'll see the dollar/yen is at 79.67. the eurois tra is trading down. gold price this morning also look at this point like, wow, they're down 21 bucks. >> down 40 yesterday. >> 15.82. >> why am i laughing? because it's under 1600. >> you prediktded that. >> civilized people don't buy gold. that's my new world. he's a funny old guy, isn't he? >> he's 88. >> i know he is. god bless him. still getting it done. so sharp still, as a tack. and i -- i feel this to some extent myself. but as you do age, you say whatever the he
? >> we're still not getting aggressive. we're slightly overweight in the united states. underweight europe. and roughly equal weight stocks in our portfolios overall. we also did pretty well in the first quarter. so trying to play a little bit of defense now. >> is the economy in a soft patch? >> i think it's slow. i don't think it's as bad. i feel more confident about the u.s. economy than europe. >> but that will affect us. >> definitely does. that's why we're growing at around 2%, 2.5%. >>. >> percentage about of gdp of debt right now. >> those are major along term problems. don't get me wrong. but it if you look at some of the dynamics from the economy, the big cyclical sectors are clearly a bottom starting to recover. government will be a drag, but that's probably not a terrible thing. but starting to see traction in the economy. slower pace than wield like. i think we need a sense that policymakers will address the policies in europe. i think the euro will survive because it's in germany's best interests for to do so. germany has half it exports. germ any b germany benefits mo
in the united states. if there is a financial event over there like with spain or something that we can't handle. what do you think the most likely outcome is? >> i think that you are going to see a long drawn out episode where we avoid catastrophe on the brink for the next six months or so as everyone knows the greek situation blaed itself out in the short run. >> 669. >> spain is going to be bigger to deal with. you have portugal, ireland. i think they avoid a catastrophe. >> greece stays? >> absolutely. they have to do it. >> do they issue euro bonds? do they get a single fiscal authority that has some type of power? >> getting unity over there is difficult if not impossible. >> will she have to -- >> she will have to compromise. there will be euro bonds. that's the only way to get fiscal unity over there. >> if we say give you the euro bonds but listen to what we say. >> the more austerity they put on greece the less likelihood to meet their bond obligations. they have to be careful they don't squash them in the process of demonstrating how strong they are. it is going to be prostract boo -p
in the united states. this is shareholders money, depositors money. if jamie dimon wants to be a hedge fund, go up to connecticut, work with phil falcone, take those risks, but not at a large commercial bank. you have these little guys shareholders that are scared to death to get back into the market when they see something like this. where does it end, how are they going to invest with any kchd wh confidence when they see supposedly the best risk control bank have this kind of loss. it could be much larger and it's just scary to the investors that i speak to. >> what would happen if glass-steagall came back? >> both of them? >> exactly. would be amazing. but small shareholders might as well sell their jpmorgan because no bank will ever make money again. >> old school they used to lend money, they used to do prudent things. >> andrew wants to go back to cds and savings accounts. >> no, not necessarily. i think there is a role for some of this, the question is how much. >> will we be able to raise capital, compete globally, do all the hinges in a modern economy if glass-steagall came back? >> i
that the united states is still going to be here with some sort of a presence kornlting to support afghanistan. what do you think about the timing? >> well, the balance the president's got to strike is to indicate to the american people that this war after ten years is winding down. it's not a popular war. also tried to make the case that he's not simply going to leave affect to defend for itself and present the possibility that the same conditions could arise that led to al qaeda to be able to senn rate a save hang in the first place. while the 90,000 troops are going to be gone after 2014, the president says u.s. officials would have access to afghan facilities, to train soldiers and police and to go after remnants of al qaeda and do counterterrorism. that was the balance he was trying to strike. he was also commemorating the death of osama bin laden. they can be seen as successes that should help the president politically and the speech will also skren rate some criticism, becky, because the republicans have been saying he's been celebrating too much on the one-year anniversary. >> the cove
made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. >>> after reporting better than expected results that stock will open higher. joining us with his take on the numbers is david strauss managing director of montgomery scott. david, good morning. what was the surprise here? was it the back end guidance given what they had seen in the april comps? >> i think the numbers aren't exactly right. it's 1.11 versus 1.10. they beat by a penny. it sets up for accounts for canada. a more modest beat. >> why does first call have $1.01. >> most people are taking the expense out of canada the eight cents where that 1.11 is relative to 1.10. >> what about the year guidance. >> it's generally in the range where people are. you know, it reflects what is a company that's getting better as the year progresses. >> what do you have on the stock >> i'm neutral on the stock. >> it's a 4.28 estimate and saying 4.60
of the global financial crisis. back here in the united states, a numb key economic reports. 8:30, retail sales, cp about i and empire say the survey and then later the home builders survey and business inventory. so lots of things lined up for us. a flurry of economic data coming our way today. >> let's look at early stocks to watch. the company reported earnings at two cents a share. revenue beat the streets. >> even before the announcement after the market closed. >> said it controlled marketing spendi spending. we'll talk to an analyst. and agrent results topped consensus. orders rose 8%. and check out millennial media. first quarterly results as a public company, a five cent per share loss was in line with estimates, but revenue spell short. and one more name to watch, smaller market cap, but a mover. the company says it will offer 10 million shares of its common stock to help will raise funds for the deals. basos was there last night. >> did you speak to him? >> i did. he's not mad that we play that. but i did tell him, out of all the internet ceos, is he not one of the greatest? sd . >>
created to manage bilateral relations and promote communications between the united states and china. something that was created back in 2009 under the bush administration. the next two days will be spent on economic as well as security issues. representing the u.s. delegation of course we have secretary of state hillary clinton as well as treasury secretary timothy geithner. as far as the chinese party is concerned, vice premiere and state counselor, it's believed some 20 departments are taking part in these two days of talks. we had a joint opening session this morning as well as a photo call and then we have the sned economic track opening remarks. later this evening in about one hour, we're expecting there to be a meeting with the vice president. going into these two days of talks, analysts saying sentiment was positive, but we did have of course a little bit of a drama dissident chen guangcheng complicating matters because of course he took refuge in the u.s. embassy, but that aside, back to the sned, we did get comments coming out from hillary clinton saying the u.s. is committ
around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. ortho weed b gon max. with a new continuous spray wand. so you can kill invading weeds down to the root. without harming your lawn. guaranteed. ortho weed b gon max. and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the first place! [ male announcer ] one pill a day. 24 hours. zero heartburn. of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man
dollars to every household in the united states, we would not have an a unemployment problem. we would not is a demand problem. but we would have a problem. there's a side effect to everything. and it would be great the if you were the only one that knew they were doing it. but if you you swamp the economy with money, it has a side effect. i've compared inflation, you know, a little bit to a venereal disease. there's a certain amount of fun for a very limited time up front and then all the problems are from there on and it's very hard to cure once you get it. >> he did say what he's told us in the past that he thinks that ben bernanke did the right hinge when t thing when the need was urgent and the question is this time to be pulling back. he's told us for almost going on a year that he thinks enough had been done and maybe that's the time to lay off. he was not as harsh in talking about the fed as david einhorn was because einhorn said because he doesn't trust the fed, he thinks it's a time to buy gold. normally he would be selling gold, buying stock, but he says because he doesn't t
on the world economy. that means the problems in the eurozone are affecting the mood in asiand at united states and in japan and elsewhere. and the costs of the losses in the exchange markets and the commodity markets and the jobs, growth, et cetera, are now a mull tim of ttiple of the greek. >> so who is to blame? >> it's not just a question of the german fault. you have institutions like the european central bank, you have the european investment bank. you have the esfs, you have the esm, and all these -- and then you have this 430 billion put together by the imf and washington all supposedly are there in order to help and support the euro area. the question is if you go into a championship bout for the crown and then you show up with one hand tied behind your back, you're not going to be very awesome. you're not going to look very strong. europe has a bit of scaffolding. it's always redesigning itself. when you remove the scaffolding, it looks fine. but the problem is it has not decided to usefully all its instruments and only then will we have a clear signal to the markets. >> so that clear
lastlelasess claims. plus your national weather forecast. cast. math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration reduction technology to help reduce track noise so trains move quieter through urban areas all over the world. together, the elements of science and the human element can solve anything. [ all ] shh! [ male announcer ] solutionism. the new optimism. ack. futures down about 31. again yesterday, got worse in the middle of the session. it's been about four are or five or six days. >> and that he another longest losing streak since august. so at this point, it will starting on get concerting. >> we were at 12 -- weren't we at 13.3? >> on the dow. >> on the do. now at 12800. >> feef daive days down on the . s&p has been worse. i apologize. 3.48. >> i said 3 1/2. you're like a computer. lipitor, a lot of people,
a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world. >>> former head of merrill lynch wealth management on the future of big banks and what regulators are likely to do. she is our guest for the rest of the show. >> all economy all the time, the number one issue on voters' mind as we head to this years's white house showdown. how the candidates will revive america's prosperity. >> and taking the plunge and facing the music. sea world's ceo ramps up hiring for the busy sea
loss on a loan, if this had been a big bankruptcy in the company of the united states and -- >> we're in the business of stuff like that. >> we're in the business of taking risk. to be frank, whilism agre is ag some of the point cam has made, remember these people were trying to mitigate a risk. it was an error in judgment. >> where are you on being able to hedge portfolio risk? >> i think when your balance sheet get so big that you feel a need to hedge a macro economic risk that you probably need to be treated differently from a regulatory point of view. >> so it should be allowed but regulated in a different way? >> it certainly should be. it proven to be a riskier business in most economies than making loans. >> will basel 3 take care it have? >> the committee will pay attention to what happened and i expect is will make an attempt -- >> it will force them to keep so much cash on hand so they can take care of it. >> i don't think glass-steagall would have prevented this. >> cam, are you okay with normal risk, commercial and industrial loan, that can happen with depositors' money
an average and that's built up a glut. >> oil supplies are at the highest level in years here in the united states. >> working off that glut will take a while. i don't think the prices can go much lower because the saudis have a huge social bill to pay. >> not only did niemi raise production. >> they trained us where we thought the higher prices are better. >> we've got to move natural gas into transportation fuels. whether it's pickens' plan, boone's plan or we have a group with the energy security council now that are working on meth nol for natural gas to add to the ethanol. >> do we need a government sector initiative in this regard? >> we have a two-page bill already in both houses which calls for open fuel standard, which means competition for fuel, which means flex fuel vehicles. >> what's preventing it now? >> partisanship? >> would this be government subsidies? >> no, not a penny of government subsidies. >> why would you have a 2,000 page bill when you can have a two-page bill? >> would boone pickens be behind this? i think he would. schultz is leading this along with bud mcfarland
Search Results 0 to 22 of about 23